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3 Oct 2018

A new blockchain technology with a new generation of Mixin networks was issued at the end of 2017, there are a number of words that make people feel confused, like Mixin, Mixin Network, Mixin Messenger, and XIN. I will explain the part of their project below where you no longer feel confused about this big project

What is Mixin?

Mixin is the name of the project and the name of the blockchain or we can say it's a public blockchain, and Mixin Network is a free and fast peer-to-peer transactional network for digital assets. This distributed cross-chain solution with built-in smart contracts that facilitates direct and safe cryptocurrency and crypto-asset transfers. This allows developers to build Mixin-based Cross-Link Network Protocols. As a TEE-powered BFT-DAG network, Mixin can connect all existing blockchain with unlimited throughput. Now supports Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, Ripple, Sia. In addition, Mixin will support all popular blockchains quickly.

Mixin Messenger is an example to show developers how to create DApps on Mixin Network. Users can easily access their blockchain assets only through telephone numbers and 6-digit PIN codes. XIN is a single token used by many services in Mixin, especially the full node guarantee, DApp creation and API calls. To join the network as a full node, it must promise at least 10,000 XIN tokens to build initial trust. Each DApp creation will cost XIN for one time, the cost is determined by the resources that DApp claims to consume. Mixin API calls from DApp may require XIN fees depending on the type of call and number. All XIN penalties and fees charged by the network will be recycled to mining.

What's interesting about the MIXIN project?

Mixin Messenger is the first Dapp based on Mixin Network, and it can help users to access cryptocurrency and their crypto assets, supports BTC, ETH, SC, Ripple and will support more popular blockchain. There are more than 1800 Bots running in Mixin and the developer community grows to 150 people and more.

Mixin is compatible with iOS and Android systems, and it requires iOS 10.0+ or ​​Android 6.0+, so please check your system version first.

XIN is a single token used by many services in Mixin, including complete node guarantees, DApp creation and call APIs. To join the network as a complete node, one must promise at least 10,000 XIN tokens to build initial trust. Each new action to make DApp will have a one-time fee in XIN, an amount determined by the resources claimed by DApp for consumption.

The Mixin API calls from DApps might cost XIN well, depending on the type of call and counting. All XIN penalties and fees charged by the network will be recycled to the mining pool. 1,000,000 total permanent XIN tokens are issued to the world at one time, and 400,000 of them have been successfully distributed to holders from 25/11/2017 to 25/12/2017 at a rate of 20 EOS / XIN. 50,000 XIN has been distributed to the early Mixin Messenger Adopters. 50,000 XIN is reserved for the development team. The remaining 500,000 XIN will be an incentive for all Mixin full nodes and light nodes.

So that's what makes this project a big one in the future, please be a part of them and support this project as a new breakthrough in blockchain technology in the future with the MIXIN network